Sunday, 28 October 2007

British Investors Warned of Slide in Shares

The credit crisis is far from over and British shareholders are at serious risk of becoming its next victims, the Bank of England has warned.

It's only a matter of time before the markets tank.

As the housing fuelled economies falter there with be diminished profits and losses appearing on the books of various publicly listed companies. Already many banks involved in the sub-prime loan mess have taken a massive hit (Merrill Lynch) while others have been saved from bankruptcy thanks to billion dollar Federal reserve bailouts. The fundamentals do not look good.

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